Shake Shack Inc (SHAK)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 443,417 | 412,204 | 409,537 | 407,321 | 298,817 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $443,417K)
= 0.00
Shake Shack Inc has consistently maintained a debt-to-capital ratio of 0.00 over the past five years (from 2019 to 2023), indicating that the company has not relied on debt financing to fund its operations or investment activities. This suggests that Shake Shack Inc has been financing its operations primarily through equity, which may imply a lower financial risk profile as the company is not burdened by significant debt obligations in its capital structure. The consistent 0.00 debt-to-capital ratio reflects a strong financial position and disciplined financial management by Shake Shack Inc during the period under review.
Peer comparison
Dec 31, 2023